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Subjects>Math>Algebra

What is the difference between irdlc and rdlc?

Anonymous

∙ 10y ago

Updated: 9/28/2023

IRDLC and RDLC are both types of documentary letters of credit. An IRDLC (Documentary Irrevocable Letter of Credit) can not be changed or canceled by the buyer. Payment must be issued by the buyers bank. These are very common. An RDLC (Documentary Revocable Letter of Credit) can be changed or canceled by the buyer at any time without notifying the seller. These are very rarely used.

Wiki User

∙ 10y ago

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